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How Can a Financial Representative Help Me?

Updated: Feb 17, 2023

Regardless of what your dream retirement looks like, prudent financial preparation and actionable strategies can help you maximize your income and bring your visions to life, while managing your risk.

Peak Wealth Planning believes strongly in the value of experienced guidance and objective information when navigating your transition into retirement.

The cheerful, mature adult tenured female university professor pauses in her class preparation to smile for the camera. She is wondering how a financial advisor could help her in her preparation for retirement.
Gain peace of mind you’ll be prepared when you retire.
Many university employees have complex financial situations, and it’s very common to have questions and concerns about meeting your expenses in retirement. A financial advisor can help you understand your current financial circumstances and develop strategies to move you toward your goals and help you live the life you imagine.

A financial advisor can assist you in the following ways.

  1. Simplify the complexities of confusing retirement plan options.

  2. Ensure you are saving enough to meet your retirement income needs.

  3. Advise you on whether to take lump sum or steady payouts when you retire.

  4. Provide confidence that you can pay your bills during retirement and enjoy your life.

  5. Develop a strategy to cover health insurance costs when you stop working.

  6. Help create a plan to cover long-term care costs so you do not burden your children.

Next Steps

Throughout our retirement guide series for university employees, we investigated four common questions:

We hope you’ve found this series informative as well as a helpful starting point for details to consider as you approach retirement.

If there is a question you’d like addressed in a future series, please submit it here.

While retirement planning is complex, you can create a more comfortable retirement tomorrow by taking the steps you need today. Most of all, we want to encourage and support you as you prepare for retirement and for this next stage of your life. Remember, as you navigate your transition from work into retirement, we are here to serve as a resource for you and your family. We are happy to answer questions you may have about your financial situation, SURS, employee benefits, or future goals. We work with several University of Illinois employees on an annual financial planning fee basis.

If you have any questions about the information presented in this series, please don’t hesitate to contact us. We enjoy and appreciate the opportunity to help you pursue your retirement goals and live your best life.

Final thought.

Are you comfortable with your progress towards retirement? How about navigating your retirement benefits? If you have a net worth over $2 million and need help from a wealth manager, the Peak Wealth Planning team can assist you.

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About the Author

Peter Newman is a Chartered Financial Advisor (CFA) and president of Peak Wealth Planning. He works with individuals nationwide that have accumulated wealth through company stock, ESOP shares, real estate, or running a business. Peter applies his unique background to help clients achieve their specific goals and enjoy peace of mind.

Peak Wealth Planning provides concierge services to meet your wealth management needs. Services include: financial planning, investment management, esop diversification, retirement income, insurance, and estate planning advice. Peak Wealth Planning is a fee-based financial advisor based in Champaign, Illinois, and Fraser, Colorado.


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